The completion is particularly significant given the difficult geological conditions along the Himalayan alignment. (Image for representative purpose only) The 125 kilometres long Rishikesh-Karnaprayag new railway line, which is currently under construction, has achieved a major milestone with a new tunnel breakthrough. Rail Vikas Nigam Limited (RVNL), which is the implementing body for the project,…

Dalal Street began Friday on a positive note after suffering one of its sharpest one-day declines in 10 weeks. BSE Sensex opened over 100 points higher while NSE began trading above 23,000. However, the gains remain limited due to rising crude prices and elevated global bond yields.BSE Sensex was up 155.82 points, or 0.21%, at…

N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027, wrapping up a nine-year tenure that transformed the scale and breadth of one of India’s most influential conglomerates but ended with a standoff with Tata Trusts Chairman Noel Tata over his reappointment. MUMBAI: Tata Sons will…

Fairfax, led by Canadian billionaire Prem Watsa, will pay Rs 81 per share for IDBI Bank. Canada-based Fairfax Financial Holdings is set to acquire a 60.72 per cent stake in IDBI Bank for approximately Rs 53,000 crore ($5.5 billion). The transaction would rank as the largest foreign investment in an Indian bank. It marks a…